Brits are set to blow a record-breaking £1billion online today in the pre-Christmas shopping spree dubbed Cyber Monday.

Experts predict that this year the nation’s consumers will shed their austerity shackles in a massive buy now, pay later splurge.

The first Monday in December has seen online shopping figures peak in recent years, becoming the traditional kickstart to Christmas.

And shopping mania will see almost £5billion lavished on festive goodies over the next few weeks.

According to market analysts Experian Hitwise, we will make 115million visits to websites today – up 36% from last year – and around 15 million hours will be spent online Christmas shopping.

Currys and PC World reckon they will sell a tablet or iPad every two seconds and headphones every 12 seconds while Argos is bracing itself for more than two million ­e-shoppers with peaks during workers’ lunch break and from 8-9pm.